Member Info for 67Sam

"That link back to 2022 sam?"

yeah.... its the heat

Correction - people were saying its a windfall tax .... in 2022

sorry

Papers are saying its a windfall tax

https://www.independent.co.uk/news/business/bank-shares-slide-amid-speculation-of-ludicrous-windfall-taxes-b2205911.html

Bought back in at 74.87

in out in out I cant make my mind up

Anyone know why?

DT

"if that is the case then the SP will be as high as whale sh@t....."

Perhaps Im slow, but I didn't understand this - whale sh@t (ambergris) is valuable isn't it?

Why would that happen if the SC decision goes against the lenders?

Ww

"have read data regarding some of the complaints and it doesn’t look good"

I got spooked last week and sold over half my lloyds. Now looking at the yield over the next few years, plus buybacks, I have a fear of missing out.

I have a feeling the SC will not uphold any fiduciary responsibility, but this is a guess, its impossible to call. Lloyds have £1.15 B set aside already, but in Feb 25 City

AM were forecasting £2.5B base case with max £3.5B. There will be compensation to repay, but who can guess how much?

Was there any particular data that made you so gloomy? The doom hanging over the share price coupled with sticky debt is why I sold.

Tfe

"It's called a ‘U’ turn 67Sam."

I call it lying. No, I dont trust this lot one bit.

Tfe

"Rachel Reeves said in an interview with the BBC Newscast Podcast, she said: 'I'm not going to reduce the limit of what people can put in Isas'

'I absolutely want to preserve that £20,000 tax-free investment that people can make every year.'"

https://www.thisismoney.co.uk/money/saving/article-14730863/Chancellor-says-Isa-allowance-WONT-cut-20-000-door-left-open-changes-cash-Isas.html

That was six weeks ago. Who can you trust?

Benny

"cant see 50mil being purchased in 3 days".

No. My estimate of 4th July seems unlikely as well.

Trimmed their losses in the last hour

not a bad day

Cereus

"it is sad to see Lloyds drop again today"

It's kept in a fairly tight range between 75p and 78.5p since the middle of May. If it were to drop to the low seventies it would sad, but I think it will wobble about where it is until the SC decision. Not sure what will happen then, wait and see. I did sell a lot yesterday though.

Benny

"What that you sam?"

No, but someone similar, except they had a giant wad. Knock three decimal places off and your nearer to me.

I didn't sell them all. I'm not sure that I'm cut out for share ownership, especially when the house is riding on it.

Made 80% profit though plus a lot of dividends, so I'm not complaining. I put my SIPP into drawdown today too, just for the 25% cash.

The rest can carry on accumulating for the next nine years, unless of course I become unemployed. I was planning to hold them all until next year, I just got too stressed.

Fwiw I sold a similar percentage of my lloyds holding this afternoon.

Decision is not based on a lack of confidence about it as a holding, it's more about my degree of financial stress.

Supreme Court decision is sometime next month, at the earliest

Im 51% optimistic the car scam will only be a moderate issue and not a huge one. I think we will know for sure sometime in July, but there is no binding timescale. Im far more invested in LBG, whereas I only bought CBG after it crashed.

Patience makes good points.

Benny

"What is the benefit of having shares instead of the dividend, do you get them slightly cheaper?"

As far as I can see, for a long term hold, another advantage is you only become liable for capital gains tax on drip investments in the year that you sell the investment. Most people would avoid tax by having them in an ISA or SIPP. If you held enough shares outside of these products, drip could then be a saving. This year there was a £3000 CGT tax free annual allowance, compared to a £500 dividend allowance. The CGT allowance could be optimised by selling your drip investments gradually each year.

The alternative would be to owe income tax, each time you receive a dividend payment.

Ben

If the car scam turns out well I have no worries. If not, theres a good chance we will be playing 50p by Friday all over again.

I wouldn't guess the dividend that far ahead, but hope its at least 5p plus. As Hu says, progressive is good and fewer shares make finer flour.

I'm holding with an average of just over 40p and Im overweight in lloyds. I wouldn't rush to buy in otherwise, unless of course 50p materialises again.

No experience of drip, assume you have to transfer your holdings to Lloyds and they add shares not dividend money. I doubt there is discount, except probably no buying fee is charged. Maybe good for a long term hold as your average price will reduce and your yield will increase over time.

Stoopid

"Might"

Its a dead cert it will

NP

1) No, this is mainly a political chat forum

2) Humungous kicking

3) It will stay below 80p

My guesses as good as anyones.